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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues        
Electric, non-affiliates $ 192 $ 185 $ 395 $ 389
Related Party Transaction, Electric Domestic Regulated Revenue 54 51 107 101
Natural gas 21 24 75 101
Total operating revenues 267 260 577 [1] 591 [1]
Operating expenses        
Electric fuel and purchased power, non-affiliates 3 3 7 7
Purchased power, affiliates 102 93 205 196
Cost of natural sold and transported 7 9 31 55
Operating and maintenance expenses 59 57 115 115
Conservation program expenses 3 4 6 7
Depreciation and amortization 46 42 91 83
Taxes (other than income taxes) 8 9 17 17
Total operating expenses 228 217 472 480
Operating income 39 43 105 111
Other income, net 1 1 1 1
Allowance for funds used during construction — equity 4 2 7 4
Interest charges and financing costs        
Interest charges and other financing costs 17 13 31 26
Allowance for funds used during construction — debt (2) (1) (3) (2)
Total interest charges and financing costs 15 12 28 24
Income before income taxes 29 34 85 92
Income tax expense 6 8 19 21
Net income $ 23 $ 26 $ 66 $ 71
[1] Total revenues include $107 million and $101 million of affiliate electric revenue for the six months ended June 30, 2024 and 2023, respectively.